About Madison

Saks Fifth Avenue, Union Square, San Francisco

Bloomberg Tower, New York City

DB Towers, Frankfurt

42nd Street, New York City

The firm was founded in 2002 by Ronald M. Dickerman, Madison’s President, with the idea of building a world-class global investment platform focused on providing liquidity to real estate owners and investors who otherwise had few options for facilitating early exits from their illiquid real estate ownership positions or monetizing embedded equity. Today, with offices in New York City, London, and Frankfurt and more than 40 professionals dedicated to the sourcing, underwriting, acquisition, asset management, and investor relations for the firm, Madison has become a global leader in providing equity capital in a diverse range of real estate transactions involving class A properties and portfolios.

Madison focuses on capital partner replacements, equity monetizations and recapitalizations of class A properties and portfolios located throughout the US, UK and Western Europe as well as investments in public/private companies owning similar quality properties. Since inception, Madison has raised over $4.4 billion in capital commitments from more than 150 institutional investors around the world.

2004

2005

Madison closes its second fund with $84.7 million in capital commitments.

2006

Madison closes its largest German transaction to date with an investment in a 5-asset office and healthcare portfolio located throughout Germany.

2007

Madison closes its third fund with $303.8 million in capital commitments.

2008

Madison enters the London market with the closing of Devonshire House, a rarely traded, trophy-quality office building located in the Mayfair submarket of London’s West End.

2009

Madison closes on its second London asset with an investment in the Lloyd’s of London Building, an iconic, class A, high rise office building located in the heart of the financial district in London.

2010

Madison opens its London office to further focus on the U.K. and Irish markets.

2011

Madison closes its fourth fund with $520.4 million in capital commitments.

Madison closes on the Forest City NYC Core Retail Portfolio, the largest investment in the firm’s history; the portfolio includes a prominent 42nd Street/Times Square property as well as two office/retail properties adjacent to the new Barclays Center Arena in Brooklyn.

2012

Madison enters the Frankfurt market with the acquisition of a 50% interest in the Trianon, a premier 700,000 sf class A office tower located in Frankfurt’s financial district.

Madison enters the Scandinavian market with an investment in the Statoil Building in Oslo, a class A office building and winner of the World Architecture Building of the Year Award for commercial properties in 2012.

2013

Madison acquires a 49% interest in One California Plaza located in downtown Los Angeles, the firm’s largest west coast investment to date.

Madison closes its fifth fund with $825 million in capital commitments.

Madison acquires a stake in property fund DB Immobilienfonds 13 California, the owner of the SAKS Fifth Avenue building on Union Square in San Francisco.

2014

Madison Frankfurt office relocates and expands

Madison formalizes a commitment to the community through its newly launched Corporate Philanthropy Program

2017

Madison International Realty recapitalizes a joint venture between DDR and various LP equity investors consisting of 52 shopping centers. Madison replaced the LP equity investors and DDR remained in the joint venture as the GP and operator.